The global UV Lamps Market Growth Accelerated by the Growing Demand for UV Disinfection Systems
Ultraviolet (UV) lamps have gained immense popularity in recent years owing to their ability to sanitize surfaces and disinfect drinking water and wastewater without the use of chemicals. UV lamps emit ultraviolet rays in the UV-C range that help destroy the DNA and RNA of microorganisms like bacteria, viruses, and other pathogens, preventing them from multiplying and causing infections. The rising need for water disinfection and air sanitization among various end-use industries like healthcare, pharmaceuticals, food and beverage, and municipal corporations has propelled the demand for UV lamps in several disinfection applications.
The global UV Lamps Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 14. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for UV disinfection systems from various end-use industries is one of the key factors driving the growth of the UV lamps market. UV disinfection systems are increasingly being used in water treatment plants, air conditioning ducts, and other facilities to eliminate harmful microbes from water and air. They provide a highly effective, chemical-free method of disinfecting against various pathogens. With the ongoing COVID-19 pandemic, the demand for UV disinfection equipment from the healthcare sector has surged significantly to sterilize hospital wards and isolation facilities. The rising awareness about the benefits of UV disinfection compared to traditional disinfection methods is further augmenting the adoption of UV lamps among commercial, residential, and industrial users, thus supporting the market expansion over the forecast period.
Segment Analysis
The global UV lamps market is segmented by product type, application, end-use industry, and geography. Based on type, the disinfection segment is expected to be the largest and fastest growing segment during the forecast period. Disinfection lamps are widely used in applications like wastewater treatment, air disinfection, and surface disinfection. The increasing demand for safe drinking water and clean environment favor the growth of this segment.
Key Takeaways
The global UV Lamps market is expected to witness high growth. The global UV Lamps Market is estimated to be valued at US$ 741.3 Mn in 2023 and is expected to exhibit a CAGR of 14. % over the forecast period 2023 to 2030.
The Asia Pacific region is expected to be the fastest growing as well as the largest market during the forecast period. Factors such as increasing governmental focus on water treatment and growing awareness about air and water disinfection are driving the growth of the UV lamps market in Asia Pacific countries like China and India.
Key players operating in the UV Lamps market are Georgia-Pacific LLC, International Paper Company, Lenzing AG, Grasim Industries Ltd., Sateri Holdings Limited, Aditya Birla Group, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd., Barnhardt Manufacturing Company, Shanghai Textile Raw Materials Corporation, Shandong Silver Hawk Chemical Fibre Co., Ltd., Thai Rayon Public Company Limited, Xinjiang Zhongtai Chemical Co., Ltd., Shandong Demian Incorporated Company, Gujarat Ambuja Exports Limited, and North Alabama Cotton Cooperative. Lenzing AG is one of the key players dominating the market due to its strong product portfolio and global presence.
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